New figures released by money app Plum today explained how it would take 11 years and four months for someone with a salary of £30,000 to save £68,154.
Read MoreExactly how long it will take you to save for house deposit based on your salary
Tag: mortgage deposit
Where can first-time buyers get on the property ladder quickest?
A new study of ONS data has revealed the gulf of how long first-time buyers must save for a deposit for a property in different areas across the country.
Read MoreThings that are likely to get you turned down for a mortgage
It now takes the average first-time buyer more than 12 years to save for a house deposit. But personal finance experts say issues such as your deposit, your credit score, and your loan-to-value ratio can make a huge difference, particularly when it comes to being approved for a mortgage, and then getting a good rate.
Read MoreExperts share 5 mortgage myths, and one that’s true
Dreaming of buying a new house or flat, but worried about applying for a mortgage? It might not be as bad as you think.
Read MoreBuying your first home in 2025? Here’s everything you need to know
You should be aware of extra costs beyond the deposit – and of what’s happening with interest rates
Read MoreThe homebuyers who lost thousands when their off-plan dream turned sour
Luciana and Enrico Marini lost more than £21,000 after they were unable to gain a mortgage on a home they were in the process of buying
Read MoreBarclays offers zero deposit mortgage for Right to Buy applicants
As part of a broader effort to make home ownership more accessible, Barclays will no longer require a deposit from borrowers purchasing a home under the Right to Buy (RTB) scheme.
Read MoreHow Trump’s tariff turmoil could shake up different mortgage types
Interest rates are an indicator of how much you’ll repay on a borrowed financial product, such as a mortgage. While the UK has one of the world’s largest mortgage markets, how do interest rates affect the 25% of UK residents that own one?
Read MoreHow do no-deposit mortgages work and should I get one?
Buying a house isn’t out of the question even if you can’t put down a deposit – but make sure you understand the risks and drawbacks before deciding if one is best for your situation
Read MoreHSBC offers landlords mortgages with just a 20% deposit… but will they pass the affordability checks?
Number of 80% buy-to-let mortgages has more than doubled in past two years
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